Skip to main content
Article thumbnail
Location of Repository

A criterion for realism, with an application to behavioral economic models

By Gustavo Marqués and Diego Weisman

Abstract

Many economists working within the framework of behavioral economics (BE) label the conventional way of modeling as unrealistic, and consider their own approach as more realistic than the standard practice. However, a criterion for realism is lacking in behavioral economics literature. This paper offers a simple criterion for predicating realism to economic models, and provides an illustration of such criterion at work on a particular BE model

Topics: realism, behavioral economics, philosophy of economics, economic models, Economics as a science, HB71-74
Publisher: Rosetti Internaţional
Year: 2015
OAI identifier: oai:doaj.org/article:be137b924cf54d2ca5039da6caa3177e
Journal:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • https://doaj.org/toc/1844-8208 (external link)
  • https://doaj.org/toc/1843-2298 (external link)
  • http://jpe.ro/pdf.php?id=7307 (external link)
  • https://doaj.org/article/be137... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.